Some chart patterns are meant for a breakout like this one, but markets are at almost 52 week high so trade cautiously. BUy Gati ONLY AND ONLY IF it sustains or closes above 72-73 for short term target of 85 with a stop of 66. Conservative traders please wait for it to sustain then only buy.
Stock View: Educomp
Educomp as we look at the charts is becoming a play for a bounce stock as it is trading near its 1 year trendline support and can be a bounce back candidate but it can backfire also so trade cautiously. Buy Educomp only above 720 with a stoploss of 700 on closing basis with short term targets of 738/760/780. Keep booking profits at various Intervals and keep trailing stop losses.
Have a nice trading day
Regards
Ankit
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